The US overtook the UK as GDP leader in 1880. We better hope the US doesn't stagnate the way the UK did.http://goo.gl/ybWiwo
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@paulg they only fell behind 75 years later. UK aviation was cutting edge into the 1950s, competing maybe longer -
@BenedictEvans Cutting edge technically. Not economically. That was the problem. -
@paulg My point is, US overtook UK because it industrialised too, and had far more people, not because of stagnation, inefficiency etc -
1895-1950, the US was anywhere from two to four times as productive as the UK http://www.ggdc.net/maddison/maddison-project/conferences/2010-11/maddison_conference_nov2010_woltjer_dejong.pdf …
@BenedictEvans@paulg
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@paulg Relative size of US defence budgets was a huge factor behind relative decline of UK aviation & defence electronics. -
@benedictevans@paulg Bigger government can be a good thing for business and innovation? That's blasphemy in Bay Area tech circles.
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@paulg@BenedictEvans could also be fact that USD overtook GBP - not so much due to stagnation but wartime loans and US geographic advantageThanks. Twitter will use this to make your timeline better. UndoUndo
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